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Author Topic: Impact of ETH POS on other coins?  (Read 1249 times)
topgeek
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May 03, 2017, 11:37:26 PM
 #1

I would like to hear some opinions from those more knowledgeable than myself about what is going to happen when ETH switches to POS and all of a sudden thousands of mining rigs - 10's of thousands of video cards - move to other currencies (like zcash) to continue mining?

What impact do you think all of this horsepower is going to have on anything still GPU'able?
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May 03, 2017, 11:45:44 PM
 #2

I would like to hear some opinions from those more knowledgeable than myself about what is going to happen when ETH switches to POS and all of a sudden thousands of mining rigs - 10's of thousands of video cards - move to other currencies (like zcash) to continue mining?

What impact do you think all of this horsepower is going to have on anything still GPU'able?

it going to pump and etheroom going to dump. eth probably going to pump first then sliding down the hill over time. my concern is this eth vaporware pos will never come.

i scam no one and the scammers don't like me. trade with what? i don't do trade on bitcointalk and don't ask about it. ark.io
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May 04, 2017, 01:35:54 AM
 #3

I would like to hear some opinions from those more knowledgeable than myself about what is going to happen when ETH switches to POS and all of a sudden thousands of mining rigs - 10's of thousands of video cards - move to other currencies (like zcash) to continue mining?

What impact do you think all of this horsepower is going to have on anything still GPU'able?

Why zcash? The rise of the original chain, Ethereum classic is very much becoming more clear, and it is also the clearer choice for the miners of ETH to transfer to.

Their mining rigs are more effective for the algorithm dagger hashimoto.

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imtav
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May 04, 2017, 03:21:49 AM
 #4

I've speculated (rather wildly) that Ethereum POS will never come.  I potentially see POS just as something that is discussed openly to deter ASIC development.  Also, POW mining loosely underpins the value of the cryptos being mined.  If Ethereum ever actually does switch to POS, I think it will hurt valuation of the coin, and other coins will benefit.
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May 04, 2017, 03:42:01 AM
 #5

Ethereum forks have done very well... and will probably continue to do well...
It takes a more skilled Dev team to successfully launch an ETH fork (especially with unique features).

http://cryptomining-blog.com/tag/ethereum-forks/

You can add UBQ to the list and look for new ones in Announcements.
mining1
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May 04, 2017, 09:50:23 AM
 #6

What will happen when ETH goes full POS ? Well, some of ethereum's hashpower will spread evenly on other projects and they will become barely profitable to mine. However, they are not big enough to "welcome" all this hashpower because miners do not mine at a loss. So most of ethereum's hashpower will dissapear after POS because it will be not needed by other projects. So people will simply use their video cards for gaming, production or simple sell them as used.

POS is much better than POW from a price perspective. Because the pressure miners put on the network by selling constantly dissapears, and the price skyrockets. Currently there aren't many very succesful POS projects because they are too small.

Also POS is better from a technical pov because you can't scale with POW onchain. It was demoed many months ago that eth will have 3-4 sec blocktimes with POS. And that by itself is a better scaling than curent POW systems. Not to mention sharding taht will bring mass scaling onchain, not doable with POW.
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May 05, 2017, 01:16:44 AM
 #7

Ethereum forks have done very well... and will probably continue to do well...
It takes a more skilled Dev team to successfully launch an ETH fork (especially with unique features).

http://cryptomining-blog.com/tag/ethereum-forks/

You can add UBQ to the list and look for new ones in Announcements.

I am sorry but the 1st fork of Ethereum did not go well and it has left the original chain operating just enough for it to become a strong competitor.

@mining1. How large does the total hash power of Ethereum have? Will it really have a big effect on other platforms that run dagger hashimoto if Ethereum becomes full proof of stake? I am talking about the miners who have made a living in mining cryptocoins, not the 1 GPU hobby miners.

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robelneo
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May 05, 2017, 01:52:40 AM
 #8

I've speculated (rather wildly) that Ethereum POS will never come.  I potentially see POS just as something that is discussed openly to deter ASIC development.  Also, POW mining loosely underpins the value of the cryptos being mined.  If Ethereum ever actually does switch to POS, I think it will hurt valuation of the coin, and other coins will benefit.

This remains to be seen,the developer team of eth just wants the best to eth and their supporters by going to pos they can get people to adopt and hold their coin to their wallet not every one can mine eth but every body can do pos,I'd like to see the scenario after this .

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christie
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May 06, 2017, 12:58:06 PM
 #9

I think the price of other PoS coins will benefit from ETH's transition to PoS

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May 06, 2017, 02:43:13 PM
 #10

I think the price of other PoS coins will benefit from ETH's transition to PoS

It remains to be seen,but pos coins proved to be more convenient and profitable to hold,instead of buying high priced gpu,people can now just stakes their coins and wait for the price to increase while minting new coins.

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